Free Trial

(H18) Long Term Support Still...>

US 5YR FUTURE TECHS: (H18) Long Term Support Still Intact, 116-067 Resistance
*RES 4: 116-147 Hourly recovery high Dec 14
*RES 3: 116-117 Dec 18 high
*RES 2: 116-065/067 Dec 29 high, Dec 18 low
*RES 1: 116-027 Jan 3 high
*PRICE: 115-275 @1130GMT
*SUP 1: 115-270 Dec 26 low
*SUP 2: 115-197 5 year bear channel base projection
*SUP 3: 115-045 3 month bear channel base projection
*SUP 4: 114-265 1% volatility band
*COMMENTARY* Fresh downside pressure last week following the inability to
traverse the 50% Fibo retrace level at 116-192 earlier in the month. A low of
115-270 before finding some support, ahead of the longer term supports between
115-197/115-045. Meanwhile, 116-067 still provides resistance. Above and
congested 116-117/116-147 lies ahead of any attempt at a real recovery. 

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.